Characterized by unique properties such as low ecological footprint, recharge ability, and light weight built as compared to conventional counterparts lithium finds ample use in a host of consumer electronic devices such as smartphones. Additionally, its surged application in electronic automobiles besides applications in mental disorders therapeutics offer rife growth spots in lithium market in foreseeable future.

Albemarle Corporation to Escalate Lithium Production in Chile

Denoted as a consolidated market spectrum, lithium market is likely to witness novel growth triggers with introduction of aspiring new entrants in the near future. However, market veterans, owing to their strong footing are likely to intensify competition. Affordable price brackets remains a major growth strategy embraced by leading vendors in lithium market to encourage wide scale adoption. End-user application diversification are expected to encourage manufacturers in production up-gradation to pace up with soaring demands. In the light of increased production capacities, Albemarle Corporation has recently bagged CORFO's approval to heighten lithium production to accommodate surged lithium demands in Chile.

This report on lithium market is an exhaustive compilation of macro and micro economic factors, coupled with a detailed overview of market segments and factors that impact growth in lithium market. Based on comprehensive research postulates, this section of the report identifies product and application as core segments in lithium market. Based on product, lithium market demonstrates lithium carbonate, lithium hydroxide, and lithium chloride amongst others as core lithium types. In terms of application, lithium market is stratified into energy storage, air treatment, greases and lubricants, and glasses and ceramics as some of the primary applications in lithium market. Energy storage application segment is further split into e-vehicles, e-bikes, consumer electronics, and grid storage.

Asia-Pacific to Pose Lucrative Growth Triggers through the Forecast Tenure

In the subsequent sections, this report on lithium market demonstrates Europe, North America, Latin America, Asia-Pacific, and Middle East and Africa as some of the prominent regional segments in lithium market.

Competition Spectrum: Lithium Market

Based on thorough research elements incorporated in lithium market report, readers are presented with deep-dive overview of chief competitors, complete with their recent developments, winning strategies and overall market contribution. Some of the forerunners profiled in this section include, Albermarle Corporation, Talison Lithium, SQM, and FMC Corporation amongst others.

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